£1,600,000
Est. Mortgage £8,004 per month*
11 bedroom flat for sale
Wash Lane, Bury BL9 6BJ - 11 Flats and approval for another 4 x 1 Bed Apartments.
flat 
11 bedrooms Property description
Buraq Estates is delighted to present a new development which has just been completed and made available for purchase for investors at £1.6 Million. The property is situated in an ideal location whereby The Rock and M66 are located half a mile from both East and West sides of the property with local amenities such as Aldi, Tesco and local convenience stores also within walking distance.
The two-story development comprises 9 x 1 bedroom flats and additionally 2 x 2 bedroom flats. A total of 11 units are made available. The site also has planning approved for purpose-built 4 x 1 bedroom flats to be built on the land available. The current owner has been quoted £200,000 for the works to be conducted for the purpose-built flats.
Making the total units available a total of 15 units.
The title of the property is to be sold as a Freehold.
The rental value that can be accomplished is as follows (circa)
9 x 1 bedroom flat = £6750
4 x 1 bedroom flat = £3000 - Upon completion of the approved site
2 x 2 bedroom flat = £2000
Total: £8750 per calendar month for 11 units
Total: £11,750 Per calendar month for total units upon completion of the additional four 1 bedroom flats.
Yield: 6.6%
Yield upon completion of the four individual flats: 8.8%
The two-story development comprises 9 x 1 bedroom flats and additionally 2 x 2 bedroom flats. A total of 11 units are made available. The site also has planning approved for purpose-built 4 x 1 bedroom flats to be built on the land available. The current owner has been quoted £200,000 for the works to be conducted for the purpose-built flats.
Making the total units available a total of 15 units.
The title of the property is to be sold as a Freehold.
The rental value that can be accomplished is as follows (circa)
9 x 1 bedroom flat = £6750
4 x 1 bedroom flat = £3000 - Upon completion of the approved site
2 x 2 bedroom flat = £2000
Total: £8750 per calendar month for 11 units
Total: £11,750 Per calendar month for total units upon completion of the additional four 1 bedroom flats.
Yield: 6.6%
Yield upon completion of the four individual flats: 8.8%
Property photos
Council tax
First listed
Over a month agoWash Lane, Bury BL9 6BJ - 11 Flats and approval for another 4 x 1 Bed Apartments.
Placebuzz mortgage repayment calculator
Monthly repayment
Based on a 25 year mortgage, with a 10% deposit and a 4.50% interest rate.
Wash Lane, Bury BL9 6BJ - 11 Flats and approval for another 4 x 1 Bed Apartments. - Streetview
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